Ottawa Real Estate Update: November 2015

Mild weather and post-election enthusiasm spurs on home buyers! Statistics are useful in establishing trends but should not be used as an indicator of an increase or decrease in value of specific properties. If you are curious about the value of your home and/or specific neighbourhood statistics we would love to help. Contact us.   Information below provided by the Ottawa Real Estate Board December 3rd, 2015 Members of the Ottawa Real Estate Board sold ...
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Not Only Millennials Want Walkable Communities

A walkable community is well-planned, compact and designed for people to walk to work, school, parks restaurants and activities as a form of everyday transportation.  According to a National Association of Realtors survey, more and more buyers want to live in walkable communities.  The study found that fully 12% more Millennials, the generation born between the mid 1980′s and early 2000′s, would rather walk to their destination than drive.  But, fitness enthusiasts and eco-friendly individuals also desire ...
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Higher electricity costs: how to circumvent them

Because the cost of electricity is expected to rise as a result of the federal Liberals’ green energy policies, prudent investors should pay attention to the energy consumption of their rental properties. This Canadian Real Estate Magazine post advises landlords to find ways to become more energy efficient such as installing programmable thermostats and motion sensor lights. More important is to pass the higher cost of hydro on to their tenants, whenever possible, and to ...
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9 Bad Habits That Are Killing Your Appliances

This slide show from Bob Villa is an excellent visual representation of how NOT to treat your appliances. For example, an overloaded washing machine stresses the bearings and misaligns the drum. Overfilling the freezer can block air vents, restrict the flow of cold air and overtax the condenser. Clean spills right after using the oven as they can damage the heating coils. To read more click here. Source: Blog ...
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Ottawa Named 3rd Best City in the World for Quality of Life; Here’s Why

In this Point2Homes post, Nadia Balint attributes Ottawa’s stellar, but unsurprising (to locals),  ranking in the recent Numbeo Quality of Life Index to three characteristics: Ottawa is young and fun with almost half the population under 35, it promotes and supports family life and the housing is relatively  affordable.  The Index rates factors like purchasing power, safety, property price to income ratio, and pollution.  To read more click here. Source: Blog ...
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Your Complete Guide to Pest-Proofing This Fall

To prevent an onslaught of pests from occupying your house as the weather cools, simply  follow the National Pest Management Association guidance presented in this post from Bob Villa. Seal cracks in the exterior envelope, especially where utility pipes enter, with silicone caulking.  Fill larger gaps inside your home with steel wool. Pests avoid the roughness of the steel fibers and rodents cannot gnaw through it. Repair ripped window screens, door sweeps and loose mortar ...
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Your Guide to 10 Popular Landscape Paving Materials

If you are considering landscape paving, this excellent Houzz.com post by landscape architect Falon Mihalic includes guides to 10 of the most popular materials.  Focused on cost, climate, maintenance and functional application, the guides explain the pros and cons of cast-in-place concrete, the cheapest option, pre-cast concrete, gravel, limestone, brick, slate, tile, bluestone, granite, and travertine.  Mihalic also notes that many of the materials can be reused and suggests where the cost and/or environmentally conscious ...
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Income Properties: What You need to Know about Buying an Investment Property

“Don’t wait to buy land, buy land and wait” – Will Rogers Income Properties: Are you Ready?  Owning a rental property may seem like a licence to print money.  Interest rates are low, the Ottawa Real Estate Market is stable …what could be easier?  Buy a property, lease it, collect cheques and plan your retirement.  But…before purchasing an income property, you should be aware of the benefits and drawbacks. Advantages of Income Properties: You pay ...
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Best September on record for number of Ottawa Real Estate resales!

What a great month for Ottawa Real Estate! See below a snap shot of what’s happening in the Ottawa Real Estate Market from the Ottawa Real Estate Board  published October 5th, 2015 Interested in a specific neighbourhood?  We have access to all of the latest real estate statistics at our fingertips! Please contact us and we will send you a no-cost report on the areas you want to know about.  From OREB news: Members of the Ottawa Real ...
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Home Buyers: Working with a REALTOR®

Real estate has undoubtedly become one of the biggest industries in the world.  Buying and selling of real estate property are obviously major financial undertakings for anyone and these transactions need to be executed in a professional way. With this in mind, working with a REALTOR® is crucial in selling or buying deal of real estate property. In Ottawa, REALTORS® have their own professional association known as the Ottawa Real Estate Board. From this association, our fully trained ...
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How Google Sunroof is Changing Homeowners’ Costs

How Google Sunroof Works Employing the high-resolution aerial mapping used by Google Earth, Project Sunroof calculates the amount of sunlight reaching your roof to assess its potential for solar power.  It takes a variety of factors into account including local weather conditions, shade from nearby trees and buildings and sun positions throughout the year.  The tool combines this information with data from your household’s monthly electricity bill, factors in panel orientation and tilt to the ...
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The Inside Scoop on the Best Season to Sell Your Home

Think you need to wait until Spring to sell your home? You may want to think again if you’re ready to sell now.   In this HGTV.com post, Gavin Chen challenges conventional wisdom that the best time to sell is spring and the best time to buy is fall.  Statistically, spring has the most competing sellers in the market, so you might have to stage your home to get an advantage. Chen suggests it is ...
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Your Annual Home Maintenance Schedule

Following an annual maintenance schedule is an essential step in protecting the value of what will probably be the largest investment of your life – your home.  First time home owners, or those lacking experience may struggle with this task and overlook important elements.  Here are some guidelines to help you create a maintenance program that suits your needs. Benefits of Home Maintenance Regular preventive maintenance identifies minor repairs before they become expensive, major repairs.  ...
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Strong summer performance for Ottawa’s resale market

Check out the latest Ottawa Real Estate Statistics from the Ottawa Real Estate Board The summer real estate market has been strong in the Ottawa area, as we head into fall we’ll keep you updated on the latest Ottawa Real Estate market news!  Are you interested in a specific neighbourhood?  Please contact us! We have the latest Ottawa neighbourhood statistics available. _____________________________________________________ Members of the Ottawa Real Estate Board sold 1,279 residential properties in August ...
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CMHC announces new rules to make it easier for homeowners to rent out property

In this Financial Post article, Garry Marr discusses the impact of upcoming changes from Canada Mortgage and Housing Corp (CMHC) that will permit homeowners to count 100% of the income from their secondary units when qualifying for a loan.  Currently, homeowners with legal units can only count 50% of the income from legal rentals.  By making it easier to borrow money, Marr suggests CMHC will be bringing more people into the market, and that is ...
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Should you let children choose their bedroom paint colours?

Should you let children choose their bedroom paint colours? In this Canadian Living post, Brett Walther suggests a way to let your child participate when deciding what colour(s) to paint their room while also avoiding a choice that is unacceptable to you, or one that they will want to change next week.  The key is to guide their choice by presenting a few options that appeal to them while also meeting your own criteria.  To read ...
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Machu Picchu Challenge for Shelter

Machu Picchu Challenge for Shelter August 2015  in Machu Picchu, Peru In support of the Royal LePage Shelter Foundation people from Royal LePage offices across Canada have started the trek to Machu Picchu to help restore hope for women and children escaping violence. “For eight days, 70 enthusiastic supporters are trekking at high altitude, camping in tents, and forgoing running water, electricity and cellphone service to raise funds and awareness for the Royal LePage Shelter Foundation.  Each participant ...
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Royal LePage Team Realty

Unit 4-3101 Strandherd Drive,

Ottawa, Ontario K2G 4R9

© Laurie & Dan

Broker, SRS, ABR, CNE, SRES / Sales Representative, e-Agent

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